Clear Sky Capital Arimont LLC of Phoenix has purchased Arimont Apartments, a 21-unit multifamily property located at 1102 E. Maryland Ave. in Phoenix. Brian Smuckler and Jeff Seaman of CBRE’s Multi-Housing Private Capital Group in Phoenix represented the buyer and the seller, The Eugenijus Valiulis Revocable Trust of Ojai, Calif., and negotiated the $940,000 sale.
The Fortune 500 and S&P 500 company, CBRE, has completed its $86 million sale of the Hayden Ferry Lakeside II property.
The property is located at 60 E. Rio Salado parkway in Tempe. The seller remains undisclosed and was represented by CBRE’s Brad Anderson and Bryan Taute, along with Kevin Shannon, Todd Tydlaska and Ken White from the firm’s California office.
CBRE’s Jim Fijan, of Phoenix, represented the buyer, who also owns the adjacent Hayden Ferry Lakeside I and is an affiliate of Parkway Properties.
The Hayden Ferry Lakeside II is a 12-story Class A multi-tenant office building and is located within a 1.6 million square feet project. This project includes offices, retail and residential condominium units. The building, built in 2007, was 95% occupied at the time of sale.
The location of the building creates for a vibrant environment for tenants, as it is set along Tempe Town Lake, and is surrounded by countless dinning and shopping venues on the Mill Avenue entertainment district.
“The Phoenix office leasing market has turned and is gaining momentum. It was one of only eight office markets nationally that absorbed over 1.8 million square feet in 2011, with much of that absorption focused in Class A office assets like Hayden Ferry Lakeside. This transaction again demonstrated capital’s continued desire for core office product.” said CBRE’s Shannon.
Taute added, “The significant lease up over the last 18 months and subsequent sale is a testament to the quality of the building. We anticipate leasing demand for this project to continue for the foreseeable future.”
For more information on the largest commercial real estate services firm (in terms of 2011 revenue), visit their website at www.cbre.com.
The company, with nearly, 34,000 employees, provides services for real estate owners, investors, and occupiers.
ASU SCHOOL OF ENGINEERING ESPACE INNOVATION LAB
Developer: Arizona State University
The $560K eSpace Studio includes two rooms, each accommodating 40 students with interactive design areas, projection screens, whiteboards and writable glass wall panels. Subcontractors include JSC Contracting, DJB Enterprises, A Touch of Glass, P. King Construction, Techniqux, Dal A-C, Aero, Permanent Power and Power Plumbing. Completion by 3Q 2011.
Tempe can be a pretty beautiful place if you know where to go — especially at night.
Instead of going to a number of different bars or clubs in Tempe, it is worth it to take a walk and see how the light in darkness changes the normal, dry look we are all so accustomed to.
The sunsets are particularly beautiful on many different occasions. I feel that you can’t fully judge Tempe until you post up in a comfortable spot when the clouds are just right and see a truly amazing display of color.
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After a busy, stressful and life changing year in 2010, I decided to have a new outlook for 2011. I, along with probably 95% of the American population, decided that my New Year’s resolution would be to eat healthier. So, I took the initiative to research and visit local coffee shops and cafes in the Valley that offer a healthy lifestyle…and a green attitude.
The three main characteristics I look for in a cafe include the following:
- organic or local products used,
- variety in product,
- and a friendly atmosphere.
I look for organic or local products in the cafe because not only is the food fresh and healthy for you, but we also live in a state where a majority of vegetables and fruit are harvested!
Second, I look for cafes with a variety of products because I change my cravings as often as a college student changes his or her
Lastly, I look for a friendly atmosphere because there is nothing worse than loving a cafe, but the employees are rude. Who wants to start a morning like that?
Thus, below lists my top five coffee shops or cafes I have found in Phoenix, Ariz. that support “going green”:
Bunna Coffee & Tea
Bunna is an independent cafe specializing in organic & fair trade products. No words can describe how much I love this place. Their prices are very reasonable, the staff is very attentive, and their food is cooked well — almost to perfection.
7520 S. Rural Rd.
Pomegranate Cafe’s philosophy is to revitalize food and pure flavors, and that is exactly what they do. Their food is fresh, rich and very satisfying. Also, the presentation of the food is beautiful. I didn’t even want to start eating my food because I didn’t want to ruin the art. (I eventually did because it was way too good to pass up!) Every meal uses organic ingredients with an emphasis on seasonal fruits and vegetables. Thus, they create a changing menu each season.
4025 E. Chandler Blvd., Suite 28
Cartel Coffee Lab
Cartel Coffee Lab believes in “uncompromising quality, extreme simplicity, global consciousness, and local community.” Just reading that caught my attention. However, Cartel Coffee Lab and its coffee is a unique & awakening experience due to the unique smell of its coffee from Guatemala. The art also provides a “green” experience; their decor is comprised entirely of recycled art.
225 W. University Drive
Gold Bar Espresso
Gold Bar Espresso specializes in the quality of its products — using the organic Allann Bros. Coffee and Tea. Gold Bar has a huge variety of products ranging from coffee to unique mixtures of tea. With coffee, free wireless Internet, games and live music, Gold Bar Espresso is a great place to hang out.
3141 S. McClintock Dr.
Urban Beans supports the local community by serving pastries from local pastry chefs, bakeries and businesses. The environment is calm, soothing and warm with vintage chairs and large tables at which to work. Their tea is refreshing for a hot day, and their pastries (such as wheat-free snicker doodles and apple fritters) are to die for!
3508 N. 7th Street, Suite 100
This year’s Fiesta Bowl Block Party is all about new traditions, new additions, and celebrating the New Year.
This year marks the 27th Annual Fiesta Bowl Block Party, Arizona’s biggest New Year’s Eve celebration. Attendees can expect to see headlining band Jimmy Eat World and opening band The Maine take the main stage, university bands marching through downtown, nonstop entertainment, the two fireworks displays kicking off 2011 and much more.
More than 100,000 locals and visiting college football fanatics annually attend the Fiesta Bowl Block Party, a family friendly event.
Because the Block Party had to relocate last year to the Mill Avenue District between Rio Salado and University, Rich Ripley, Fiesta Bowl Block Party’s event coordinator, said the relocation hasn’t and won’t hinder the success of the Block Party.
In fact, the relocation of the event has allowed them to put entertainment on every corner in downtown Tempe, and the light rail provides easy access to the Block Party.
So what was the real challenge this year, according to Ripley?
“Our challenge every year is how to keep the event fresh for the people that attend,” Ripley said. “Some of the new things this year are a stage for Scandelesque, an outdoor sports club, [and] the video dance display. We also keep old favorites that people love like Dueling Pianos and the Craig Davis Magic Show.”
The multimedia displays are a new addition to the Block Party this year. They will add a sound and light experience never seen before.
“We have basically taken a dance club and put it into the middle of an intersection,” Ripley said. “We have had [it] at the Block Party for 7 or 8 years. We decided to move it to the Center of the Party and make it fun for everyone who attends.”
As for a new tradition added to the event, it started last year – the confetti blast at midnight.
“Our midnight tradition now is our confetti blast with the fireworks in the sky,” Ripley said. “People love it and we have made it a tradition. It is quite amazing to be in the middle of that.”
27th Annual Fiesta Bowl Block Party:
December 31, 2010
5 p.m. to 12:30 a.m.
Please visit Fiesta Bowl Block Party’s website for more information.
Mill Avenue’s majestic appeal is at the heart of Tempe’s thriving cultural and entertainment district. From local favorites to new additions, Mill Ave has many treasures to offer visitors and residents alike.
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